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Nonprofit · EIN 46-2490091

BRIDGE NORTHWEST DEVELOPMENT INC

Tax-exempt · SAN FRANCISCO, CA 94104

Financials

$3.6M$6.5M2023$5.5M$9.7M2024
Revenue Expenses · by fiscal year end
Financials of BRIDGE NORTHWEST DEVELOPMENT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,497,275$9,692,756-$4,195,481$157,164,200$156,835,176$329,024
December 31, 2023990$3,630,630$6,503,383-$2,872,753$45,530,588$41,006,184$4,524,404
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$118,426
of which government grants
$106,006
Program service revenue
$5,364,393
Investment income
$29
Other revenue
$14,427

Expenses

Grants and similar amounts paid
$572,327
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$71,882
Accounting fees
$25,547
Occupancy
$3,558,078
Depreciation
$1,062,043
Program services (functional)
$9,667,209
Management and general (functional)
$25,547

Balance sheet and other

Total assets, start of year
$45,530,588
Total assets, end of year
$157,164,200
Total liabilities, end of year
$156,835,176
Net assets, end of year
$329,024
Land, buildings and equipment
$127,063,230
Net assets without donor restrictions
$329,024
Gross receipts
$5,497,275
Employees
0
Volunteers
0
Year formed
2013
State of legal domicile
OR

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
KENNETH LOMBARDPRESIDENT
Trustee or director, Officer
1$0$1,067,527$45,067
DELPHINE SHERMANEVP/CFO
Trustee or director, Officer
1$0$429,032$120,262
SIERRA ATILANODIRECTOR
Trustee or director
1$0$452,551$53,138
JAMES MATHERVICE PRESIDENT
Trustee or director, Officer
1$0$387,481$113,550
REBECCA HLEBASKOVICE PRESIDENT/SECRETARY
Trustee or director, Officer
1$0$405,549$93,649
SMITHA SESHADRIVICE PRESIDENT
Officer
1$0$410,204$87,530
NATALIA WILLIAMSVICE PRESIDENT
Officer
1$0$346,950$37,612
BRAD WIBLINFORMER VICE PRESIDENT
Former
0$0$123,831$0
KURT CREAGERVICE PRESIDENT (OUTGOING)
Officer
1$0$46,725$6,076
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KENNETH LOMBARDPRESIDENT
Trustee or director, Officer
1$0$1,007,909$47,242
DELPHINE SHERMANVICE PRESIDENT/CFO
Trustee or director, Officer
1$0$417,504$120,312
ARUNA DODDAPANENIVICE PRESIDENT (OUTGOING)
Officer
1$0$474,486$55,741
JAMES MATHERVICE PRESIDENT
Trustee or director, Officer
1$0$405,393$108,335
REBECCA HLEBASKOVICE PRESIDENT/SECRETARY
Trustee or director, Officer
1$0$408,787$100,838
SMITHA SESHADRIVICE PRESIDENT
Officer
1$0$417,409$90,294
BRAD WIBLINVICE PRESIDENT (OUTGOING)
Officer
1$0$397,025$97,083
KURT CREAGERVICE PRESIDENT
Officer
1$0$374,930$87,011
SIERRA ATILANOVICE PRESIDENT
Trustee or director, Officer
1$0$366,441$48,028
ALISON LORIGVICE PRESIDENT (OUTGOING)
Officer
1$0$243,835$30,071
NATALIA WILLIAMSVICE PRESIDENT
Officer
1$0$229,451$27,088
KATHERINE FLEMINGVICE PRESIDENT (OUTGOING)
Officer
1$0$156,829$16,509

Address and contacts

Address (IRS master file)
350 CALIFORNIA ST, SAN FRANCISCO, CA 94104-1400
Principal officer (990 for 2024)
KENNETH LOMBARD, 350 CALIFORNIA STREET, SAN FRANCISCO, CA 94104
Signed the 990
ERIK LUND, SVP OF ACCOUNTING AND FINANCE
Phone
(415) 989-1111
Return prepared by
COHNREZNICK ADVISORY LLC

Mission

MISSION: THIS ORGANIZATION SUPPORTS BRIDGE HOUSING CORPORATION (BRIDGE). BRIDGE STRENGTHENS COMMUNITIES BY DEVELOPING, OWNING AND MANAGING HIGH-QUALITY, AFFORDABLE HOMES FOR WORKING FAMILIES AND SENIORS.VISION:* BRIDGE STRENGTHENS COMMUNITIES AND CREATES OPPORTUNITIES FOR WORKING FAMILIES AND SENIORS, BEGINNING BUT NOT ENDING WITH HOUSING.* BRIDGE IS A LEADER AND INNOVATOR IN THE MISSION-DRIVEN BUSINESS OF EFFECTIVE PRODUCTION, OPERATION AND OWNERSHIP OF AFFORDABLE AND MIXED-INCOME HOUSING.* BRIDGE EARNS THE HIGHEST DEGREE OF CUSTOMER SATISFACTION FROM ALL STAKEHOLDERS, INCLUDING RESIDENTS, NEIGHBORS, INVESTORS, TAXPAYERS, PRIVATE- AND PUBLIC-SECTOR PARTNERS, AND EMPLOYEES.* BRIDGE IS THE GO-TO DEVELOPER AND OWNER FOR PUBLIC OFFICIALS, INVESTORS AND COMMUNITIES SEEKING AN ARRAY OF HOUSING SOLUTIONS, AND IT DELIVERS RESULTS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION OPERATES A LOW INCOME HOUSING PROJECT AND IS A GENERAL PARTNER IN A PARTNERSHIP OWNING AND OPERATING AN AFFORDABLE HOUSING PROJECT FOR LOW-INCOME PERSONS..
    Expenses $9,667,209 · grants $572,327 · revenue $5,378,820

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-2490091
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$157,164,200
Income (IRS master file)
$5,497,275

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$3,630,630$6,503,383$45,530,588IRS
990December 2022$4,153,455$3,455,576$45,828,576IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about BRIDGE NORTHWEST DEVELOPMENT INC

What is the EIN of BRIDGE NORTHWEST DEVELOPMENT INC?
The employer identification number (EIN) of BRIDGE NORTHWEST DEVELOPMENT INC is 46-2490091.
Is BRIDGE NORTHWEST DEVELOPMENT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to BRIDGE NORTHWEST DEVELOPMENT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BRIDGE NORTHWEST DEVELOPMENT INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BRIDGE NORTHWEST DEVELOPMENT INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BRIDGE NORTHWEST DEVELOPMENT INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BRIDGE NORTHWEST DEVELOPMENT INC?
The 990 for the year ended December 31, 2024 names KENNETH LOMBARD.
Who are the officers and directors of BRIDGE NORTHWEST DEVELOPMENT INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does BRIDGE NORTHWEST DEVELOPMENT INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,497,275, expenses of $9,692,756 and total assets of $157,164,200 at year end.

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